For some reason, it feels like the powers that be are just trying to keep this market hanging up here until the new quarterly flows come in because there's no need to give Johnny mutual fund a discount of any kind.

I'm a seller of the S&P for the next few days. I don't like the pattern the last several days. It looks very "grinding" to me, like we're about to get one of those "whooshes."

"Historians cite the late second century as the turning point of the Roman Empire, when the once- proud, feared society began its descent into infamy.

The U.S. today is a mirror image of the Roman Empire as it tipped into chaos. Whether we blame our bloated government, a greedy elite or a lethargic population, the similarities between the two foreshadow a gruesome future."

last I checked- it took a few centuries before the final swoon- but maybe he's onto something

Are people tiring of Cramer's schtick? It would seem so. Or people just don't trust the market and don't care to pay attention anymore? A general malaise (Jimmy Carter, you there?) or ennui setting in among the sheeple? Or are they out of free cash to throw at the casino markets?

I asked earlier today if anyone watched Spartacus, that's a pretty cool show I just watched most of the episodes over the weekend after I was told about it, the only other show of those I don't watch is Californication, never seen an episode.

I hate to admit it, but I like "The Biggest Loser" too. I actually like working out while watching it. Watching those morbidly fat people grind it out and lose the pounds is inspiring. I didn't think I would like it, but you have to admire anyone who comes back from the abyss like that, or at least tries as hard as they can to do it.

@ahab: Yes, that's the show. It's a bit bizarre but anyone who chooses to do what it takes to lose THAT kind of weight gets my respect, no matter what reason they're doing it. That's HARD work right there.

I think one of the best contrarian indicators I'm seeing is the lack of comments from bears at "bear sites" like Daneric. Even Dan's 'tone' towards the market seems more circumspect the last several days.

Wall St. just needs to fill out the new Q2 bids that roll in next week and that should be good for at least a short term top.

So now Obamanation can 'comfort' itself with the fact that the tsunami of ARM fallout (which hits its peak from 4/10 - 4/12 will no longer be a problem because most of the people have defaulted on those loans long ago...

With that in mind, fellow readers, let me tell you of the NEW TRADING STRATEGY that CV has implemented AS OF TONIGHT...

OK, here's the deal... Since C, BAC, AIG, FNM, & FRM are all "wards of the state", you essentially need to PUT THEM TOGETHER into a basket of longs...

Trading in these is about 25% of the daily volume of the S&P anyway (so they're basically like BUYING the SPY)...

So you "short" the SPY at the beginning of each quarter... As the quarter wears on, and earnings get reported, you take off HALF of your SPY short and either buy CALLS for that basket of stocks, or just buy the shares outright as a hedge... Take the hedge off after the quarters are made for Brian the Broker (and go to his BarBQ...

Is this our future in the U.S? I think so....A 21-MONTH consecutive wage decline? Did I read that right. Holy shit.

March 31 (Bloomberg) -- Japan’s wages slid for a 21st month in February, extending their longest losing streak in seven years, a sign workers aren’t reaping the benefits of the nation’s export-led recovery.

Short term I can make arguments for both but the alternate seems to fit with the BS that has been proliferating the markets of late.

Granted these days I continue to look for bearish arguments. This whole experience has further proved beyond a shadow of a doubt the markets can stay irrational longer than participants can stay solvent - excpet banks, of course.

This will be big news if it goes through. No doubt there will be huge oil finds. Those of you intereted do a little research of the oil and gas industry off the coast of Newfoundland and Labrador in Canada. THree current projects, plans for a fourth, and more oil found in extremely deep waters. Plus this is the North Atlantic - where the Titanic sank a.k.a. Iceberg Alley. Should be much more drilling friendly along US.

This is huge for US and hilarious for me personally becuase I was talking about peak oil and US dependency 3 nights ago in Amsterdam. My main argument was US could solve their oil issues by switching to natty gas as much as possible (extremely expensive for infrastructure and technology is the obvious drawback) or allow drilling off the coastal regions of the country.

Read something about japanese corporations buying or selling yen to balance year end books? Is this why the weakness? After March 31 could we see a dramatic rise in the YEN? Would tie in nicely with a correction and continued bullishness in the USD. Would also help drive EUR:USD to major resistence at 1.29, turn risk OFF and send some money back in to T's sending yield lower and give an excuse to return to QE later in the year.

Very quick thoughts. Hopefully I'll be able to check in later and see some replies.

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This blog should not be interpreted as investment advice of any kind.The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind.The authors may or may not trade in the markets discussed.The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.

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- Andy Dufresne

"The Shawshank Redemption"

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This Blog's primary focus is on trading based upon technical analysis. It is run by "AmenRa" and "AndyT," quasi-anonymous traders who employ technical analysis to assess market conditions and trading opportunities. AmenRa utilizes 3LB techniques, Moving Averages and Fibonacci sequences. AndyT's analysis relies primarily on "Wave Theory" and Fibonacci sequences. The Comments Section is uncensored and open to the public. Please try and adhere to the "Blogger Policy."